Commodity Prices

Gold •199 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	965.50	+17.10	+1.80%
WTI Crude •1 day	77.88	-0.80	-1.02%
Gasoline •1 day	2.112	-0.011	-0.52%
Ethanol •199 days	2.161	+0.000	+0.00%
Silver •199 days	30.82	+1.16	+3.92%

Silver • 199 days	30.82	+1.16	+3.92%
Copper • 199 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	80.79	-0.50	-0.62%
Natural Gas • 1 day	3.948	-0.310	-7.28%
Heating Oil • 1 day	2.621	+0.004	+0.15%

Headlines

584 days Will The ECB Continue To Hike Rates?
584 days Forbes: Aramco Remains Largest Company In The Middle East
586 days Caltech Scientists Succesfully Beam Back Solar Power From Space
986 days Could Crypto Overtake Traditional Investment?
991 days Americans Still Quitting Jobs At Record Pace
993 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
996 days Is The Dollar Too Strong?
996 days Big Tech Disappoints Investors on Earnings Calls
997 days Fear And Celebration On Twitter as Musk Takes The Reins
999 days China Is Quietly Trying To Distance Itself From Russia
999 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,003 days Crypto Investors Won Big In 2021
1,003 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,004 days Food Prices Are Skyrocketing As Putin’s War Persists
1,006 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,007 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,010 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,011 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,011 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,013 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

Gold: Moving South?

By - May 27, 2014, 5:45 AM CDT

Gold has recently displayed a succession of small daily real bodies indicating a state of indecision. Monitor the support at 1284 (21/05/2014 low), as a break would confirm the underlying bearish structure. Another support lies at 1269. Resistances stand at 1304 (22/05/2014 high) and 1331.

Longer term, we are sceptical that the horizontal range between the strong support at 1181 (28/06/2013 low) and the major resistance at 1434 (30/08/2013 high) is a long-term bullish reversal pattern. As a result, a decline towards the low of this range is eventually favoured.

Daily Technical Report